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What the NCI share of equity at the date of acquisition

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Question - Graham Limited acquired 90% of the share capital and reserves of Terry Limited for $170,000, Share capital was $100 000 and reserves amounted to $62 000. All assets and liabilities were recorded at fair value except equipment which was recorded at $30 000 below fair value. The company tax rate was 30%, The partial goodwill method is adopted by the group. What the NCI share of equity at the date of acquisition?

Reference no: EM133123151

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